[Fed's Hamack: A Shift to Restrictive Monetary Policy is Needed to Reduce Inflation] According to Jinshi Data on November 12th, Federal Reserve Chairman Hamack recently stated: "The Fed has fulfilled its mandate on employment very well, but for many years it has been absent from its mandate on inflation. The latest inflation data shows it is heading in the wrong direction. We need to shift to restrictive monetary policy to reduce inflation. I am concerned that the U.S. economy may be developing an inflationary mindset."